Global Environmental Macroeconomics

Presents a dynamic, two-country model of the world economy, incorporating restrictions with respect to: the availability of nonrenewable resources; the ability of the global environment to assimilate pollutants; the ability of the ecosystem to replenish renewable resources; the productivity of real resources (e.g., labor) in pollution abatement. In addition, the book explores the interactions between and among the natural resource, labor, product, and financial markets.